Wolverine World Wide (NYSE:WWW) Share Price Breaks Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Wolverine World Wide shares broke above their 200-day moving average, reaching $19.58 and last trading near $19.10, compared with the average of $17.83.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating from 11 analysts, with an average price target of $23.11.
• The company exceeded quarterly expectations, reporting $0.40 in EPS and $506.4 million in revenue, while maintaining FY 2026 guidance of $1.55–$1.65 EPS and declaring a quarterly dividend of $0.10 per share.

Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $17.83 and traded as high as $19.58. Wolverine World Wide shares last traded at $19.1040, with a volume of 582,321 shares trading hands.

Analyst Ratings Changes

WWW has been the topic of a number of research analyst reports. Wall Street Zen downgraded Wolverine World Wide from a "buy" rating to a "hold" rating in a research report on Saturday. Robert W. Baird raised their price target on Wolverine World Wide from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Williams Trading set a $20.00 price target on Wolverine World Wide in a research note on Wednesday, August 19th. Zacks Research lowered shares of Wolverine World Wide from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Finally, Needham & Company LLC increased their price objective on shares of Wolverine World Wide from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $23.11.

Wolverine World Wide Stock Down 1.0%

The company has a debt-to-equity ratio of 1.17, a current ratio of 1.55 and a quick ratio of 0.98. The firm has a 50-day simple moving average of $19.63 and a two-hundred day simple moving average of $17.83. The company has a market cap of $1.57 billion, a PE ratio of 14.81, a P/E/G ratio of 1.31 and a beta of 1.72.

Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $506.40 million for the quarter, compared to the consensus estimate of $500.74 million. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%.The business's revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Research analysts anticipate that Wolverine World Wide, Inc. will post 1.64 earnings per share for the current fiscal year.

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, October 1st. Wolverine World Wide's dividend payout ratio (DPR) is currently 31.01%.

Hedge Funds Weigh In On Wolverine World Wide

A number of institutional investors have recently modified their holdings of WWW. NewEdge Advisors LLC lifted its stake in shares of Wolverine World Wide by 1,959.4% during the second quarter. NewEdge Advisors LLC now owns 20,594 shares of the textile maker's stock valued at $340,000 after buying an additional 19,594 shares during the period. Corient Private Wealth LP grew its stake in Wolverine World Wide by 333.9% in the 2nd quarter. Corient Private Wealth LP now owns 47,399 shares of the textile maker's stock worth $784,000 after acquiring an additional 36,476 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Wolverine World Wide in the 2nd quarter valued at $422,000. Wellington Management Group LLP raised its holdings in Wolverine World Wide by 3.4% in the 2nd quarter. Wellington Management Group LLP now owns 4,528,278 shares of the textile maker's stock valued at $74,852,000 after acquiring an additional 146,791 shares during the last quarter. Finally, Caitlin John LLC purchased a new position in shares of Wolverine World Wide during the 2nd quarter worth $56,000. Institutional investors and hedge funds own 90.25% of the company's stock.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global designer, manufacturer, marketer and licensor of branded footwear, apparel and accessories. The company serves consumers through a portfolio of outdoor, athletic, lifestyle and work-oriented brands, with products sold through wholesale accounts, company-owned and third-party retail locations, and e-commerce channels.

Its principal brands include Merrell, which focuses on outdoor and trail footwear and apparel; Saucony, an athletic running and performance brand; Wolverine, known for work and lifestyle footwear; Chaco, which offers outdoor sandals and footwear; Sweaty Betty, a women's activewear brand; and Bates, a provider of uniform and duty footwear.

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